Home Selling in 38125>Question Details

Tom Cullen, Other/Just Looking in Honolulu County, HI

Lease Purchase Agreements

Asked by Tom Cullen, Honolulu County, HI Mon May 7, 2012

I sold a property in 38125 through via lease purchase. It was a rental. My experience investing in Memphis rentals out of state (hawaii) has been bad. After evicting a bad tenant, decided to take advantage of my PM's lease purchase program. I was told the buyer/tentant is responsible for maintenance and repairs. It's been 6 months since the agreement was entered into, and I just got a bill for 1k for HVAC work done on the property! This manager mistakenly charged me twice before for stuff the buyer/tentant should be responsible (corrected mistake). Also, I never got ANY documentation on this lease purchase. I know, dumb of me!

Is there a stature of limitation on repairs? Can the tenant/buyer keep requiring repairs be done so long after the LP?

Help the community by answering this question:

Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer